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It's not as if Norway is tanking right now; it is possible to have resources and not be a banana republic. But the Conservatives didn't make that transition in
by badsock 11y ago
It's not as if Norway is tanking right now; it is possible to have resources and not be a banana republic. But the Conservatives didn't make that transition in Alberta during the decades of power that they enjoyed there, and they didn't federally over the last decade - and they had the mandate to do it (Canadians, contrary to all evidence, believe that the Conservatives are competent stewards of the economy). They absolutely deserve blame here - this current downturn in demand was not even unlikely.
With the Conservatives there's an unspoken deal: we'll cut social programs, which will hurt, but the economic benefit will be worth it. Canadians in this case neither get their cake (economic growth) nor eat it (social spending), so what exactly have the Conservatives delivered?
- YZF 11y agoLet's see, delivered: TFSA, income splitting (limited), lower taxes, balanced budget, startup visa. At least that's off the top off my head. Which social programs are we talking about here and what would not cutting them have done to counter the current depression? Like some other comment said the government can not create an alternative economy. It can only try to product the right conditions. If you have a startup in Canada your expenses are significantly lower than e.g. SV. There are a lot of programs to help you. What more are you asking for? The weak dollar, while sucks for me and you, is great for Canadian businesses that are not resource related, but even when the dollar was at its strongest it was still cheaper to start a business here.